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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

CGX Energy Inc. is a Canada-based oil and gas exploration company. It is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. The Company, through one of its subsidiaries, holds an interest in a Petroleum Prospecting Licence (PPL) and related Petroleum Agreement (PA) on the Corentyne block in the Guyana Basin, offshore Guyana. The Company, through its subsidiary Grand Canal Industrial Estates, is constructing the Berbice Deep Water Port. This facility, located on the eastern bank of the Berbice River, adjacent to and north of Crab Island in Region 6, Guyana, is being constructed on 30 acres with 400 m of river frontage. Its subsidiaries include CGX Resources Inc., GCIE Holdings Limited and CGX Energy Management Corp. It is the operator of the Corentyne block and holds a 27.48% working interest. Its Wei-1 exploration well is located west of the Kawa-1 discovery in the northern region of the Corentyne block.


TSXV:OYL - Post by User

Comment by Miftee9on Dec 09, 2021 1:02pm
192 Views
Post# 34215106

RE:RE:One last post

RE:RE:One last post The insiders have millions and millions of shares so I doubt if the news was bad they would slowly be divesting.  It would have to be systematic and all partners would have to be in on it so I dont believe that is the case.  I can buy into the fact that there is manipulation at the individual level and people in the know are buying shares cheap believing (or acually knowing) what is happening on the rig.  Interesting there was a spike in activity around the time we think they may have hit the first zone.  I am all in now, only because I cant get out.  I do believe that we are going to hit the jackpot, however, it is so damn hard to stay the course given the daily bleed.  I keep reminding myself, from here the downside is $1 but upside is $10, so how/why would you get out now?  Especially if we have been here all this time.  This rollercoaster is almost done.  GLTA
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